San
Francisco, 29 April , Biochar Market
Size, Share & Trends Analysis Report By Technology (Gasification,
Pyrolysis), By Application (Agriculture (Farming, Livestock)), By Region, And Segment
Forecasts, 2019 - 2025
The global biochar market size
is estimated to reach USD 3.1 billion by 2025, according to a new report by
Grand View Research, Inc.. It is expected to expand at a CAGR of 13.2% over the
forecast period. Globally increasing demand for the product in organic farming has
been a major factor influencing the growth. In addition, increasing consumption
in livestock feed and awareness pertaining to benefits of biochar as soil
amendment are expected to drive the demand.
Biochar is an evolving industry
and is anticipated to become a major influencing factor in increased crop yield
and productivity of the agriculture sector. It improves soil fertility and
provides necessary nutrition to crop. Moreover, applications in energy
production and greenhouse gas remediation are expected to provide new revenue
opportunities to the sector.
The market consists of
organized and unorganized manufacturers. Growing economies such as China,
India, Japan, Mexico, and Brazil produce significant amount of biochar through
small and medium scale industries mainly running into village areas. Whereas,
large scale manufacturers are concentrated in North America.
Consumption in agricultural
application was the highest in 2018 and is anticipated to rise significantly
over the forecast period. Among various applications in agriculture, farming
held the highest market share of more than 50% in 2018.
In terms of volume, the
agriculture sector is estimated to witness speedy growth over the forecast
period with a projected CAGR of 12.5%. It has also gained high popularity in
livestock farming as an additive in animal feed. The livestock sector has
gained high importance, especially in regions such as Europe and North America
where animal flesh is extensively consumed by human beings as a food. As a
result of this, biochar consumption is expected to grow substantially in the
foreseeable future.
Access Full Research
Report On Biochar Market Analysis:
https://www.grandviewresearch.com/industry-analysis/biochar-market
https://www.grandviewresearch.com/industry-analysis/biochar-market
Further key findings from the study suggest:
·
Total product manufactured
using pyrolysis technology in 2018 accounted for 63.4% market share in terms of
revenue and is expected witness rapid growth over the estimated period
·
Asia Pacific is expected to
witness extensive growth in the forthcoming years due to increasing application
of the product in livestock feed and organic farming
·
Key players including Vega
Biofuels Inc.; Diacarbon Energy Inc.; and Agri-Tech Producers have made high
investment in implementation of gasification process and are likely to increase
their manufacturing capacity
·
Pyrolysis technology is
increasingly used by Earth Systems and Clean Fuels B.V. among other
manufacturers operating in the biochar market.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
Grand View Research, Inc. has segmented the
global biochar market on the basis of technology, application, and region:
Biochar Technology Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Pyrolysis
·
Gasification
·
Others
Biochar Application Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Agriculture
o
Livestock
o
Farming
o
Others
·
Others
Biochar Regional Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
U.K.
o
France
o
Sweden
o
Denmark
·
Asia Pacific
o
Australia
o
China
o
India
o
Japan
o
Malaysia
·
Central & South America
·
Middle East & Africa
Access Full Press Release of this Report: https://www.grandviewresearch.com/press-release/global-biochar-market
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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